The Incidence of an Oil Glut: Who Beneﬁts from Cheap Crude . . . oil to reach the Gulf Coast will increase not only crude oil prices in the Midwest but gasoline and diesel prices as well (Verleger 2011) Our analysis indicates that, because Midwest crude oil price shocks are not passed through to reﬁned product markets, increasing the price of crude oil in the Midwest will not increase gasoline prices there

Crude Supply and Retail Price Not Related: APCrude Supply and Retail Price Not Related: AP Source: John Kingston, Platts (3 27 12) "The conclusion of the AP article is very clear: U S production of oil has no impact on the price of retail gasoline in the U S "

The Incidence of an Oil Glut: Who Benefits from Cheap . . . from Cheap Crude Oil in the Midwest? October 2012 Abstract Beginning in early 2011, crude oil production in the U S Midwest and Canada sur-passed the pipeline capacity to transport it to the Gulf Coast where it could access the world oil market As a result, the U S “benchmark” crude oil price in Cushing, Okla-